UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 1, 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-9595 BEST BUY CO., INC. (Exact name of registrant as specified in its charter) Minnesota 41-0907483 (State or other jurisdiction of i ...

Summary of Best Buy Co., Inc. 2020 Regular Meeting of Shareholders Conference Call Company Overview - **Company**: Best Buy Co., Inc. (NYSE: BBY) - **Date**: June 11, 2020 - **Participants**: Hubert Joly (Executive Chairman), Corie Barry (CEO), Mollie O'Brien (Head of IR), Patrick Doyle (Lead Independent Director) Key Points Industry Context - The meeting took place during the COVID-19 pandemic, which significantly impacted retail operations and customer interactions [12][13][14] Financial Performance - Fiscal 2020 saw enterprise comparable sales growth of 2.1%, marking the sixth consecutive year of positive comparable sales [19] - Non-GAAP operating income rate increased by approximately 30 basis points [19] Operational Adjustments - Transitioned to a contactless curbside-only model on March 22, 2020, to ensure safety and compliance with government regulations [14] - Retained 81% of last year's sales during the first quarter under the new operating model, despite no in-store customer visits [15] - Introduced appointment-based consultations in stores, receiving positive feedback with 98% of customers feeling safe during their visits [16] Future Strategy - Plans to continue offering multiple shopping models, including curbside pickup and in-store consultations, while adhering to safety protocols [18][24] - Emphasis on enriching lives through technology and building deeper customer relationships [23] Employee and Board Engagement - The Board has been actively involved in overseeing company actions during the pandemic, ensuring employee safety and job security [26][28] - Increased hourly pay rates for all store associates during the pandemic to support their efforts [35][42] Governance and Shareholder Engagement - Approximately 90% of shares eligible to vote were represented at the meeting, indicating strong shareholder engagement [6] - The Board recommended the election of 10 directors and the ratification of Deloitte & Touche as the independent auditor [7][8] Leadership Transition - Hubert Joly expressed gratitude for his tenure and confidence in the future leadership under Corie Barry and Patrick Doyle [46][47] - Corie Barry highlighted the importance of purposeful leadership and the company's mission to enrich lives through technology [50][51] Social Responsibility - Best Buy is committed to addressing social inequities and has initiated discussions among employees to find substantive ways to contribute to equality and justice [12] Recognition and Awards - Best Buy was named to Barron's Annual 100 Most Sustainable Companies list for the third consecutive year, reflecting its commitment to environmental, social, and governance (ESG) practices [20] Additional Insights - The company is adapting to changing consumer behaviors and competitive landscapes, indicating a willingness to innovate and improve operational processes [32] - The growing ownership concentration of passive mutual funds raises questions about corporate governance and long-term planning, which the Board is monitoring [43][44] This summary encapsulates the critical discussions and outcomes from the Best Buy 2020 Regular Meeting of Shareholders, highlighting the company's resilience and strategic direction amidst challenging circumstances.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 2, 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-9595 BEST BUY CO., INC. (Exact name of registrant as specified in its charter) Minnesota 41-0907483 (State or other jurisdiction of inco ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 1, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9595 ______________________________________________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 2, 2019 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-9595 BEST BUY CO., INC. (Exact name of registrant as specified in its charter) Minnesota 41-0907483 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 3, 2019 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-9595 BEST BUY CO., INC. (Exact name of registrant as specified in its charter) Minnesota 41-0907483 (State or other jurisdiction of i ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2019 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-9595 BEST BUY CO., INC. (Exact name of registrant as specified in its charter) Minnesota 41-0907483 (State or other ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________ FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 2, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9595 ______________________________________________________ ...